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asambeis [7]
3 years ago
13

Matt and Patricia are husband and wife and live in Oregon. In 2010 and using her funds, Patricia purchased a residence for $400,

000, listing title to the property as "Matt and Patricia, joint tenants with right of survivorship." In 2020, Matt dies before Patricia when the residence is worth $2 million. A correct statement as to these transactions is:
Business
1 answer:
ratelena [41]3 years ago
7 0

Answer:

In 2020, Matt’s gross estate includes $1 million and a marital deduction of $1 million is been allowed for estate tax purposes

Explanation:

Patricia is said to made a gift to Matt her husband in 2010 which is (50% ×$400,000) $200,000 which means marital deduction of an equal amount will be allowed for the gift tax purposes .

Matt’s gross estate also includes $1 million which is (50% ×$2 million) and will as well be offset by a marital deduction of an equal amount which is why the correct statement is:

In 2020, Matt’s gross estate includes $1 million and a marital deduction of $1 million is been allowed for estate tax purposes.

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Is personal and persuasive
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sergij07 [2.7K]

Answer:

1. Sales Budget

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3. Budgeted Income Statement

4. Budgeted Balance Sheet

Explanation:

First of all the sales budget is prepared in which expected sales are shown and then the selling and administrative budget is prepared which shows expenses related to sale.

The income statement budget is prepared which shows the expected income.

Then at last  Budgeted Balance Sheet  is prepared in which the expected income is transferred.

The order in which they appear is as follows.

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5 0
3 years ago
A document that describes the following items would be most likely called a :_________.
bazaltina [42]

Answer: a. Customer Persona

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3 0
2 years ago
Elizabeth recently purchased 115 shares of a company for $10350 ($90 per share). The company has been doing well. This year, she
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Answer:

$90

Explanation:

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Option C is wrong because $270 is the current market price of each share.

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Option A is correct because $90 is Elizabeth's per-share basis in the company for which she received a dividend. Share's price increased to $270 after success.

7 0
2 years ago
Select the correct answer. Which definition refers to visual merchandising? A. the art of presenting merchandise in a creative w
WITCHER [35]

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A

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(if its not a, then its d)

6 0
3 years ago
Read 2 more answers
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